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It is a valid strategy to not sweat the individual purchases, but watch your bank account and track your overall burn rate, then adjust if necessary.
by wtracy 12y ago
It is a valid strategy to not sweat the individual purchases, but watch your bank account and track your overall burn rate, then adjust if necessary.
- wiredfool 12y agoFWIW, about 5 months ago, my family started sweating the small things. It's changed our burn rate by ~25%, from disturbingly over income to comfortably under income. Looking back now, our happiness level is pretty much at the same point. We can't really tell what we we're missing, although I know there are things.
- ChuckMcM 12y agoI wish I could vote this up more. So many folks I've talked to who have been 'losing ground' even though their family income was comfortably over $150K (in the bay area) and then done a walk through the 'little things' only to discover $30 - $40K of expenses in there. Most often it seems that this came about where they reached a point where their income meant they didn't really need to 'save up' for things, which lead to a 'don't care' attitude which lead to spending money on things and experiences that were not expensive but not valuable.
- bcgraham 12y agoKeep your eyes on the pennies. The dollars will take care of themselves.